Exchequer 13.1 CIS Configuration
Reverse Charge VAT is a major change to the way VAT is collected in the building and construction industry and comes into effect on 1 March 2021.
It applies to individuals or businesses registered for VAT in the UK where providing or receiving specified services is reported under the HMRC Construction Industry Scheme (CIS).
The CIS Reverse charge does not kick in until March 1st 2021 but has been built into the code from Exchequer v13.0.0.
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